Tag Archives: home foreclosure

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Bank of America Misled Homeowners, Suit Says

Since 2012, more than 18,000 homeowners have filed complaints about Bank of America with the Consumer Financial Protection Bureau

Former BoA employees said they were told to falsify electronic records and foreclose on homes.

By Makkada B. Selah

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Business Continuity Tips Discussed at Free Webinar Hosted by SBA and Agility Recovery

Wealth Decreases for Blacks During President Obama’s Term

Foreclosures and unemployment gave black wealth a big hit

Foreclosures and unemployment gave black wealth a big hit

By Sasha King

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(Image: Thinkstock)

Million-Dollar Home Foreclosures On the Rise

While million-dollar home foreclosures account for less than 2% of overall home foreclosures, it’s shown to be an area of concern in recent years

More than 36,000 million dollar homes were foreclosed – or at least listed as defaulted…

By Sade K. Muhammad

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What President Obama Could Learn from Jacksonville Mayor’s Race

America's Wire writer suggests Obama take cues from Florida's newest Black mayor

As President Barack Obama gears up for re-election some say his political standing is on…

By Craig Kirby

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On July 31, the National Bar Association held a panel to discuss the impact of the foreclosure crisis on communities of color at its 86th annual convention and exhibits. Black Enterprise spoke with two of the panelists—Yolanda D. McGill, senior counsel of the Fair Housing and Lending Project with the Lawyers’ Committee for Civil Rights Under Law, and Vicki King Taitano, director of the Foreclosure Legal Assistance Project with the Maryland Legal Aid Bureau—to get their thoughts on this growing problem. McGill noted the rise of scammers as one. "The overrepresentation of minorities in our scam database is very troubling and likely has many causes, such as the wealth gap that leaves struggling homeowners no savings or family funds to lean on and drives them to seek foreclosure rescue and modifications more often,” she says. “We also know that scammers tailor their marketing language to ethnic minorities, and there are organizations trying to determine if this activity is in violation of the law." With that in mind, here are five signs of a foreclosure rescue scam. —Sheiresa Ngo

5 Signs of a Foreclosure Rescue Scam

If someone makes you an offer that sounds too good to be true it probably is

One problem that often crops up during the process of fighting foreclosure is the rise…

By Sheiresa Ngo

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Foreclosing as a Financial Strategy

It's called strategic defaulting, and more homeowners are doing it

Fannie Mae recently announced that it would penalize borrowers who purposely forego their home loan…

By John Simons

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Your House is a Home—Not an ATM

Although property can serve as a valuable wealth-building too, it also serves a practical purpose�it's where you live

The nation may be in recovery mode but millions are still stuck in a financial…

By Earl "Butch" Graves Jr.

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What’s A Short Sale In The Long Run?

It's not a foreclosure, but it could still make it harder to buy another home

Yesterday afternoon I was in an attorney’s office and a gentleman came in for a…

By Kirk Charles

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Don’t Get Caught in a Foreclosure Scam

Watch out for con artists looking to steal your equity

Thanks to today’s economic turmoil, sparked by an ongoing mortgage crisis, a record number of…

By Alfred Edmond, Jr.

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Buying a Foreclosed Home: Good or Bad?

Though a difficult task, be informed before making a purchase

You’ve heard that the silver lining to all of the change and turmoil of the…

By Alfred Edmond, Jr.

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